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 Replies: 31 / Views: 4,821 |
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Valued Member
United States
327 Posts |
Edited by SPQR
06/09/2010 10:17 pm
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Valued Member
United States
80 Posts |
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Moderator
 United States
6563 Posts |
Quote:
6ea.reproductio#8203;n silver dollars. Quote:
1923 liberty peace silver dollar, replica Quote:
all these coins are not stamped, copy or replica. The guy is legit and is completely honest in his listings. I think it'd be prudent to focus your attention on actual scammers instead of this guy. |
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Pillar of the Community
United States
5953 Posts |
Have to disagree with you here boss.
he may be legit and Honest but what about the people who buy them?
Also is what he is doing not illegal?
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New Member
United States
21 Posts |
Yeah I would have to agree, this guys is completely up front in stating his coins are reproductions.
Adam
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Moderator
United States
6563 Posts |
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he may be legit and Honest but what about the people who buy them? IMHO I see no foul here. I see no difference in me selling a Legit coin and someone putting it in a fake PCGS slab. We cannot pre-crucify someone for the next guys wrongdoings. Quote:
Also is what he is doing not illegal? This however I am not sure about. |
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Pillar of the Community
United States
5953 Posts |
From U.S. Hobby Protection Act - 15USC-2101,
304.4 Application of other law or regulation.
The provisions of these regulations are in addition to, and not in substitution for or limitation of, the provisions of any other law or regulation of the United States (including the existing statutes and regulations prohibiting the reproduction of genuine currency) or of the law or regulation of any State.
304.6 Marking requirements for imitation numismatic items.
(a) An imitation numismatic item which is manufactured in the United States, or imported into the United States for introduction into or distribution in commerce, shall be plainly and permanently marked ``COPY''.
(b) The word ``COPY'' shall be marked upon the item legibly, conspicuously, and nondeceptively, and in accordance with the further requirements of these regulations.
(1) The word ``COPY'' shall appear in capital letters, in the English language.
(2) The word ``COPY'' shall be marked on either the obverse or the reverse surface of the item. It shall not be marked on the edge of the item.
(3) An imitation numismatic item of incusable material shall be incused with the word ``COPY'' in sans-serif letters having a vertical dimension of not less than two millimeters (2.0 mm) or not less than one-sixth of the diameter of the reproduction, and a minimum depth of three-tenths of one millimeter (0.3 mm) or to one-half (1/2) the thickness of the reproduction, whichever is the lesser. The minimum total horizontal dimension of the word ``COPY'' shall be six millimeters (6.0 mm) or not less than one-half of the diameter of the reproduction.
(4) An imitation numismatic item composed of nonincusable material shall be imprinted with the word ``COPY'' in sans-serif letters having a vertical dimension of not less than two millimeters (2.0 mm) or not less than one-sixth of the diameter of the reproduction. The minimum total horizontal dimension of the word ``COPY'' shall be six millimeters (6.0 mm) or not less than one-half of the diameter of the reproduction.
Edited by nohope587
06/09/2010 11:21 pm
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Valued Member
United States
211 Posts |
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Moderator
United States
6563 Posts |
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304.6 Marking requirements for imitation numismatic items. Fair enough  So what are the legal penalties of doing this? |
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Pillar of the Community
United States
5953 Posts |
In 2005, Mr. DeNittis was lead counsel in DeMarco v. National Collector's Mint where he obtained a $9 million dollar settlement on behalf of 176,000 class members who were defrauded in purchasing a fake coin allegedly issued by the U.S. Mint to commemorate the "9/11" Terrorist Attack. The case was a matter of first impression in the United States District Court for the Southern District of New York under the Hobby Protection Act 15 U.S.C. 2101(b) and is now a published opinion in the Federal Reporters. 229 F.R.D. 73 (S.D.N.Y. 2005).
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Rest in Peace
United States
5375 Posts |
The guy may on the surface not appear bad but its possible he is selling these under the radar to others who purposefully scam or doing so himself. Also, even if hes completely oblivious to it, some fraudulent individuals who buy the coins may resell them as authentic...
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Pillar of the Community
United States
602 Posts |
Couple options I see here. 1) Notify the seller he is violating federal laws and give him the option to fix the issue or 2)Report him to e-bay as violating a federal law by selling unmarked reproduction coins. or 3) Contact the feds and let them handle it. Just my 2 cents. WOLF
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Valued Member
United States
442 Posts |
The discription does say replica if its not aloud then ebay must want a percentage of the sale by letting him post them I cant see anything wrong with it he is being open about it ! |
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Pillar of the Community
United States
968 Posts |
At first I saw nothing wrong with what he is doing since he is saying they are replicas. But the more I think about it I agree he should be reported. First (as nohope points out), it is illegal to sell unmarked replicas even if you say they are replicas in the description. Second, I strongly suspect the buyers are people that will try to resell them as real coins, and I'm sure he knows it. He thinks he can get away without any repercussions by saying they are replicas, but I hope he is called to task for it.
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Valued Member
United States
420 Posts |
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Valued Member
United States
420 Posts |
has anyone contacted this seller? looks like the gov't can confiscate every bit of his stuff, AND --- Quote:
Sec. 2102. Private enforcement
-STATUTE-
If any person violates section 2101(a) or (b) of this title or a
rule under section 2101(c) of this title, any interested person may
commence a civil action for injunctive relief restraining such
violation, and for damages, in any United States District Court for
a district in which the defendant resides or has an agent. In any
such action, the court may award the costs of the suit, including
reasonable attorneys' fees.
-SOURCE-
(Pub. L. 93-167, Sec. 3, Nov. 29, 1973, 87 Stat. 686. |
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Replies: 31 / Views: 4,821 |
Posted 06/09/2010 11:07 pm
